In April 2010, a real estate exhibition in Beijing was held with great fanfare. In particular, at some large-scale real estate exhibitions, certain commercial slogans were highly enticing! "Purchase property in the United States or Canada to obtain a green card, which is permanent resident status!" This slogan led many domestic consumers to be eager to try. Immigration experts point out: There is no logical connection between purchasing property in the United States or Canada and obtaining a green card for that country! Some merchants forcefully link these two concepts together, which is actually misleading consumers, and it can even be said to be a form of false advertising.
As everyone knows, business immigration applications for Canada and Australia require a successful business background and have requirements for a substantive period of residence. The requirement for U.S. investment immigration (i.e., EB-5 immigration) is that the investment funds must create at least 10 jobs for the local U.S. economy. This is both a legal requirement and a necessary condition. EB is an abbreviation for the two English words "Employment-based." The literal meaning is very clear: it is "employment-based." This law has been in effect for 20 years and is very simple and clear.
The number of people to be hired is also very clear: an investment of 1 million USD requires hiring at least 10 Americans for 2 years, and an investment of 500,000 USD in a Targeted Employment Area (TEA) also requires hiring at least 10 Americans for 2 years (not 5 people). Some funds may be able to hire fewer people proportionally due to regional advantages, but it is absolutely impossible to enjoy special privileges that exempt one from hiring requirements due to special approval; otherwise, the "EB" in U.S. investment immigration should not exist. Therefore, as long as investors understand the law, it is impossible to be deceived. As for whether enough people can be hired, the fund must calculate this clearly in advance and explain it to the investors. Only after the client agrees should they invest, rather than blindly believing without understanding. This is the only way to avoid being deceived and prevent losses.
Because it takes time to prove that people have been hired, the green card initially obtained through U.S. investment immigration is called a conditional green card. If the hiring requirement is not met after 2 years, the conditions cannot be removed. Therefore, some people feel that a Canadian green card, which does not have a 2-year conditional restriction, should be more ideal. In fact, this is not the case. If you obtain an unconditional Canadian green card but fail to meet the requirement of residing for 2 years within 5 years, the green card (Permanent Resident Card) will also be revoked. This is a country's requirement for immigrants; there is no comparison of which is better or worse, but rather it must be complied with to succeed in immigration.
The U.S. EB-5 investment immigration program is the only important channel for legal immigration to the United States, other than family-based (family reunion) and refugee categories. Only by fully understanding its legal principles and policies can one distinguish false advertising in the market!
Purchasing property has no logical connection to directly or indirectly hiring 10 Americans. "Purchasing property in the U.S. to obtain a green card" is merely a promotional tactic used by merchants and does not comply with U.S. law. Consumers who truly want to buy property in the U.S. or apply for investment immigration should seek professional and legitimate companies for detailed consultation to prevent being misled by false advertisements and incurring unnecessary losses.
